Tuesday, September 25, 2012

America's Richest Cities: San Jose Tops List With Highest Median Household Income (PHOTOS)

America's Richest Cities: San Jose Tops List With Highest Median Household Income (PHOTOS): "Two other California cities, San Francisco and San Diego, also came in the top five for median household income--both of which have been buoyed by surging technology scenes. Of the 25 largest metropolitan areas in the country Detroit, Philadelphia, Memphis, Baltimore and Indianapolis had the lowest household incomes.

Despite the health of these coastal urban centers, California as a whole went backwards in 2011. Poverty increased by nearly a full percentage point as over 330,000 California resident slipped below the poverty line. The statewide median household income dropped four percent to $59,540.

Unsurprisingly, income inequality is high in California, as much of the state, particularly in the Central Valley region that was battered by collapse of the housing bubble and still struggles with both household poverty and increasingly dire city government shortfalls."

'via Blog this'

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